...PARIS (S&P Global Ratings) Jan. 18, 2017--S&P Global Ratings said today that its issuer credit ratings and outlook on Cooperatieve Rabobank U.A. (A+/Stable/A-1) are unchanged by the bank's announced plans to issue new Rabobank Certificates for a total nominal amount of 1.5 billion on Jan. 24, 2017. Rabobank Certificates are perpetual instruments that qualify as Common Equity Tier 1 (CET1) capital. The certificates also qualify for inclusion in S&P Global Ratings' measure of core capital, under our risk-adjusted capital (RAC) framework. Rabobank is engaged in a medium-term strategy with a particular focus on strengthening regulatory capital ratios through active balance-sheet management, earnings improvement, and the continued issuance of instruments qualifying as Tier 1 or Tier 2 regulatory capital. We believe that Rabobank already enjoys a strong capital position, factoring in our expectation that Rabobank will continue to implement this strategy in anticipation of regulatory changes,...
